Mid-Atlantic FCU Mortgage Lending & HMDA Data, 2018
In 2018, Mid-Atlantic FCU of Germantown, MD reported 208 mortgage applications totaling $40.0 million, up 2% from 2017. The average application was for $192,163, and applicants reported an average income of $103,442. 82% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Silver Spring-Frederick-Rockville, MD (156), Washington-Arlington-Alexandria, DC-VA-MD-WV (29) and Baltimore-Columbia-Towson, MD (12) (applications in parentheses).
| Mortgage Company & Address | Mid-Atlantic FCU 12820 Wisteria Drive Germantown, MD 20874 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 208 |
| Total Mortgage Loan Application Amount | $39,970,000 |
| Average Mortgage Loan Application Amount | $192,163 |
| Highest Mortgage Loan Application Amount | $1,525,000 |
| Average Applicant Income | $103,442 |
| Highest Applicant Income | $580,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mid-Atlantic FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Silver Spring-Frederick-Rockville, MD | 156 | $ 27,680,000 | $ 177,435 | $ 102,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 29 | $ 7,645,000 | $ 263,620 | $ 113,758 |
| Baltimore-Columbia-Towson, MD | 12 | $ 2,300,000 | $ 191,666 | $ 94,000 |
| Huntsville, AL | 2 | $ 230,000 | $ 115,000 | $ 86,000 |
| Outside any metro area | 2 | $ 470,000 | $ 235,000 | $ 154,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 600,000 | $ 300,000 | $ 161,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 75,000 | $ 75,000 | $ 188,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 265,000 | $ 265,000 | $ 71,000 |
| Richmond, VA | 1 | $ 215,000 | $ 215,000 | $ 71,000 |
| Salisbury, MD-DE | 1 | $ 225,000 | $ 225,000 | $ 15,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 265,000 | $ 265,000 | $ 83,000 |
Mortgage Loan Application Detail Totals for Mid-Atlantic FCU in 2018
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Improvement | 77 | $9,005,000 | $116,000 | $415,000 | $68,000 | $332,000 |
| Refinancing | 76 | $15,510,000 | $204,000 | $765,000 | $104,000 | $291,000 |
| Home Purchase | 38 | $10,010,000 | $263,000 | $1,525,000 | $173,000 | $580,000 |
| Cash-out Refinancing | 17 | $5,445,000 | $320,000 | $945,000 | $106,000 | $243,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not Provided | 96 | $17,920,000 | $186,000 | $1,525,000 | $74,000 | $580,000 |
| White | 46 | $10,850,000 | $235,000 | $945,000 | $147,000 | $332,000 |
| Asian | 28 | $4,720,000 | $168,000 | $655,000 | $133,000 | $379,000 |
| Black or African American | 25 | $4,455,000 | $178,000 | $555,000 | $107,000 | $232,000 |
| Hispanic | 8 | $1,560,000 | $195,000 | $765,000 | $82,000 | $157,000 |
| Not applicable | 3 | $295,000 | $98,000 | $205,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 205 | $39,235,000 | $191,000 | $1,525,000 | $104,000 | $580,000 |
| FHA-insured (Federal Housing Administration) | 2 | $450,000 | $225,000 | $305,000 | $65,000 | $93,000 |
| VA-guaranteed (Veterans Administration) | 1 | $285,000 | $285,000 | $285,000 | $70,000 | $70,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 171 | $31,395,000 | $183,000 | $1,525,000 | $104,000 | $580,000 |
| Application Denied By Financial Institution | 19 | $5,095,000 | $268,000 | $765,000 | $114,000 | $286,000 |
| Application Withdrawn By Applicant | 16 | $3,230,000 | $201,000 | $605,000 | $85,000 | $194,000 |
| File Closed For Incompleteness | 1 | $195,000 | $195,000 | $195,000 | $68,000 | $68,000 |
| Application Approved But Not Accepted | 1 | $55,000 | $55,000 | $55,000 | $165,000 | $165,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 189 | $34,875,000 | $184,000 | $1,525,000 | $103,000 | $580,000 |
| Debt-To-Income Ratio | 8 | $2,100,000 | $262,000 | $445,000 | $100,000 | $198,000 |
| Credit History | 4 | $910,000 | $227,000 | $585,000 | $190,000 | $286,000 |
| Collateral | 3 | $1,175,000 | $391,000 | $765,000 | $132,000 | $157,000 |
| Other | 2 | $440,000 | $220,000 | $265,000 | $94,000 | $108,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $145,000 | $145,000 | $145,000 | $38,000 | $38,000 |
| Credit Application Incomplete | 1 | $325,000 | $325,000 | $325,000 | $66,000 | $66,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-Atlantic FCU's 2018 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Mid-Atlantic FCU's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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